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S.D. Codified Laws § 47-31B-503

Evidentiary burden

Known as the Uniform Securities Act

The act spans §§ 47–47 (52 sections).

Source: SL 2004, ch 278, § 31.

(a) Civil. In a civil action or administrative proceeding under this chapter, a person claiming an exemption, exception, preemption, or exclusion has the burden to prove the applicability of the claim.

(b) Criminal. In a criminal proceeding under this chapter, a person claiming an exemption, exception, preemption, or exclusion has the burden of going forward with evidence of the claim.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.